The correction seems to be over for now. Its time to get back into long positions in the NIFTY.
Add aggressive longs at the current levels and on dips till 31630/9270, keeping a closing SL at 31280/9170.
Avoid trading in stocks outside the F&O universe and keep SL at the stock level as well as at the Sensex/Nifty level.
| Date | 5-May-20 | |
| Index | Sensex | Nifty |
| S2 | 31,280 | 9,166 |
| S1 | 31,632 | 9,269 |
| Previous Close | 31,715.35 | 9,293.50 |
| R1 | 31,887 | 9,344 |
| R2 | 31,913 | 9,351 |
| Fair Value | 33,494 | 9,815 |
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